Accounting, Taxation & Computer Video Library
Accounting Videos
Basic accounting term
Learn the following terms
Transaction, Event, Owner, Capital, Assets, Liability,
Debtors, Creditors, Income, Expense, Revenue, Drawings, Outstanding Expenses, Accrued Income, Prepaid Expenses
Capital & Revenue Expenditure
Capital expenditures are typically one-time large purchases of fixed assets that will be used for revenue generation over a longer period. Further, revenue expenditures are the ongoing operating expenses, which are short-term expenses used to run the daily business operations.
Tally Videos
Inventory Vouchers in Tally
Journal Voucher Type in Tally. ERP 9. In Manufacturing/Assembling organizations, there is a number of components that go into the manufacturing/ assembling of finished Goods. Once, the Bill of Materials is created, further you can use Manufacturing Journal and specify the number of finished goods that are to be manufactured.
Shortcuts in use of Inventory Vouchers – Shortcut Key: Alt+F9
Cost Centre in Tally Prime
A cost center is nothing but a separate department within a business to which costs can be allocated. This also includes departments that do not produce directly but incur costs to the business.
For example, the manager and employees of the cost center are not accountable for the profitability and investment decisions of the business but they are responsible for some of its costs.
Computer Videos - Accounting Taxation & Computer Video
Circular Reference And Custom List In Excel
When an Excel formula refers back to its own cell, either directly or indirectly, it creates a circular reference. Also, iterative calculations are usually turned off in Excel by default (in this context, iteration is the repeated recalculation until a specific numeric condition is met).
Advance Filter In Excel
Advance Filter Option in MS Excel – Excel Advanced Filter ? as the name suggests ? is the advanced version of the regular filter. Firstly, you can use this when you need to use more complex criteria to filter your data set. Further, advanced Filter in Excel to create a list of unique items, or to extract specific items to a different worksheet. Moreover, you can also use complex criteria with an Advanced Filter, so it is useful when a simple AutoFilter can’t do what you need.
Sumifs, Countifs and Averageifs in Excell
Sumifs, Countifs and Averageifs -Microsoft Excel is one of the most important applications to be used in the office for daily work. Firstly, a SumIFs is a function to sum cells that meet multiple criteria. Later, SUMIFS can be used to sum values when adjacent cells meet criteria based on dates, numbers, and text.
The Excel COUNTIFS function returns the count of cells that meet one or more criteria. Also, COUNTIFS can be used with criteria based on dates, numbers, text, and other conditions The Microsoft Excel AVERAGEIFS function returns the average (arithmetic mean) of all numbers in a range of cells, based on multiple criteria.
Taxation Videos - Accounting Taxation & Computer Video
Generate e-Way Bills
Generate e-Way Bills in tally at the time of the creation of invoices as soon as you finish filling up details in an invoice, based on the criteria settings (as mentioned above), Tally. ERP 9 will open up a subform in which you can provide additional details of transportation. After this, you can export the data in a JSON file.
What is GSTR-3B?
What is GST?
The GST is one indirect tax for the whole nation, making India one unified common market. GST is a single tax on the supply of goods and services, from the manufacturer to the consumer. Credits of input taxes paid at each stage will be available in the subsequent stage of value addition, which makes GST essentially a tax only on value addition at each location.
GST Challan
After making all adjustment and taking Input Tax Credit (ITC) available to a tax payer, a tax payer is required to pay any balance GST liability online.
Firstly, login to the GST Portal. Enter your username, password, and captcha code
Secondly, once you log in go to Services > Payments > Create Challan
Lastly, enter the amounts and select the method of payment i.e. e-payment, over-the-counter or NEFT/RTGS. Further, click on Generate Challan once all the details have been filled in. Accounting Taxation & Computer Video
Casual Taxable Persons
CASUAL TAXABLE PERSONS – A casual taxable person means a person who supplies taxable goods or services occasionally in a taxable Territory where he does not have a fixed place of business. Also, the person can act as a Principal or agent or in any other capacity supply goods or services for the furtherance of business. Accounting Taxation & Computer Video
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